ReachLocal Increases Share Repurchase Program to $26M

ReachLocal, Inc. RLOC today announced that its Board of Directors has amended its previously announced share repurchase program to increase the total authorized repurchase amount by $6 million, to a total authorization of $26 million. With this amendment, the remaining amount available for the repurchase of ReachLocal's common stock under the repurchase program is approximately $10 million. Purchases will be made from time-to-time in open market or privately negotiated transactions as determined by ReachLocal's management. The amount and timing of the share repurchases will depend on business and market conditions, stock price, trading restrictions, See full press release